Sandstorm Gold (TSE:SSL) Reaches New 52-Week High - Here's Why

Key Points

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Sandstorm Gold Ltd. (TSE:SSL - Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as C$14.81 and last traded at C$14.66, with a volume of 562902 shares trading hands. The stock had previously closed at C$14.65.

Analysts Set New Price Targets

SSL has been the topic of a number of recent analyst reports. Stifel Nicolaus increased their price target on shares of Sandstorm Gold from C$11.00 to C$13.00 in a report on Monday, April 21st. Canaccord Genuity Group raised their price target on shares of Sandstorm Gold from C$15.75 to C$17.00 in a report on Tuesday, June 10th. Stifel Canada lowered shares of Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 21st. Finally, TD Securities cut shares of Sandstorm Gold from a "strong-buy" rating to a "strong sell" rating and set a C$14.00 price objective on the stock. in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Sandstorm Gold currently has a consensus rating of "Hold" and an average price target of C$12.70.

Sandstorm Gold Stock Down 0.4%

The company has a debt-to-equity ratio of 26.44, a current ratio of 2.29 and a quick ratio of 1.17. The stock has a market capitalization of C$3.06 billion, a PE ratio of 97.15, a PEG ratio of 0.90 and a beta of 1.11. The company has a 50 day moving average price of C$13.18 and a 200-day moving average price of C$11.46.

Sandstorm Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 25th were given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, July 15th. Sandstorm Gold's dividend payout ratio (DPR) is currently 53.23%.

Sandstorm Gold Company Profile

Sandstorm Gold Ltd provides financing to companies engaged in gold mining through gold stream and royalty. Geographically, the company has operational footprints in North America, South & Central America, Africa, and Asia & Australia. The firm's royalties include Hod Maden, Santa Elena, Chapada, and Cerro Moro.